USD/SEK Up 66 Pips On 4 Hour Chart, 3 Day Down Streak Ended; in a Downtrend Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USDSEK
(Last Updated June 4, 2020)
Welcome to the news page for USDSEK (USDSEK). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On USDSEK, there is currently a downtrend on the 30 and 14 day timeframes.
USDSEK Moving Averages
Across several time periods between 20 and 200 days, the trend on USDSEK has remained consistently bearish.
The chart below illustrates.
As for correlation, Regarding USDSEK’s correlations over the past 7 days, it has been most correlated with EURNOK. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDSEK is USDNOK. On the flip side, the asset least correlated with USDSEK over the past week has been EURTRY, but over the past two weeks, the asset least correlated with USDSEK has been GBPCAD. See the chart below to observe the recent price action in USDSEK versus those of assets it hasn’t been well correlated with.
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USD/SEK Up 509 Pips Over Past 4 Hours, 3 Day Down Streak Ended; in a Downtrend Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USD/SEK Down 472 Pips Over Past 4 Hours, 2 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
The closest is the 200 day average, which is 105.6 pips away.
USD/SEK Up 68 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
USD/SEK Down 919 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USD/SEK Up 720 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 6 out of the past 10 days.
USD/SEK Up 242 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Eyes 100 Day Average
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
USD/SEK Up 34 Pips On 4 Hour Chart, Moves Up For the 3rd Day In A Row; Nears 20 Day Moving Average
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
USD/SEK Up 165 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
Volatility for usd/sek has been contracting over the past two weeks relative to volatility over the past month.
USD/SEK Down 18 Pips in Last 4 Hours, 2 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days usd/sek’s price has gone down 8 them.